Silvant Capital Management LLC Sells 36,484 Shares of Robinhood Markets, Inc. $HOOD

Silvant Capital Management LLC trimmed its position in Robinhood Markets, Inc. (NASDAQ:HOODFree Report) by 56.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,463 shares of the company’s stock after selling 36,484 shares during the quarter. Silvant Capital Management LLC’s holdings in Robinhood Markets were worth $4,075,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. grew its stake in shares of Robinhood Markets by 113.6% in the third quarter. Valley National Advisers Inc. now owns 188 shares of the company’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Robinhood Markets by 107.6% in the 3rd quarter. Golden State Wealth Management LLC now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Vision Financial Markets LLC raised its stake in Robinhood Markets by 100.0% in the 3rd quarter. Vision Financial Markets LLC now owns 200 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Robinhood Markets in the 3rd quarter valued at about $29,000. Finally, Guerra Advisors Inc bought a new stake in Robinhood Markets in the 3rd quarter valued at about $30,000. Institutional investors own 93.27% of the company’s stock.

Key Robinhood Markets News

Here are the key news stories impacting Robinhood Markets this week:

Insiders Place Their Bets

In other news, CTO Jeffrey Tsvi Pinner sold 5,864 shares of Robinhood Markets stock in a transaction on Monday, January 26th. The stock was sold at an average price of $107.48, for a total value of $630,262.72. Following the transaction, the chief technology officer owned 9,133 shares in the company, valued at approximately $981,614.84. This trade represents a 39.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel Martin Gallagher, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $75.49, for a total value of $754,900.00. Following the transaction, the insider directly owned 452,849 shares of the company’s stock, valued at $34,185,571.01. This trade represents a 2.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 475,132 shares of company stock worth $55,127,149. 19.95% of the stock is owned by company insiders.

Robinhood Markets Trading Up 2.7%

Shares of Robinhood Markets stock opened at $77.35 on Wednesday. The company has a market cap of $69.64 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 1.70 and a beta of 2.47. The company has a 50 day moving average of $89.48 and a 200-day moving average of $113.48. Robinhood Markets, Inc. has a 1-year low of $29.66 and a 1-year high of $153.86.

Robinhood Markets (NASDAQ:HOODGet Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Robinhood Markets had a net margin of 42.10% and a return on equity of 22.32%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 26.5% compared to the same quarter last year. Research analysts forecast that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HOOD shares. Wall Street Zen cut shares of Robinhood Markets from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Piper Sandler reduced their price target on Robinhood Markets from $155.00 to $135.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Bank of America lowered their price objective on Robinhood Markets from $166.00 to $154.00 and set a “buy” rating on the stock in a research note on Wednesday, December 10th. Truist Financial dropped their price objective on Robinhood Markets from $130.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Finally, Loop Capital set a $130.00 target price on Robinhood Markets in a research report on Monday, February 9th. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.59.

Read Our Latest Report on HOOD

About Robinhood Markets

(Free Report)

Robinhood Markets, Inc (NASDAQ: HOOD) is a U.S.-based financial services company best known for its mobile-first brokerage platform that aims to “democratize finance for all.” Founded in 2013 by Vladimir Tenev and Baiju Bhatt and headquartered in Menlo Park, California, the company built early traction by offering commission-free trading and a simplified user experience that attracted a large base of retail investors.

Robinhood’s core products and services include a mobile app and web platform for trading U.S.

Featured Stories

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Institutional Ownership by Quarter for Robinhood Markets (NASDAQ:HOOD)

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